EPF Interest Rate Lowered To 8.55% For 2017-18

After lowering of other Small saving interest, it’s time for Employee’s Provident Fund (EPF) interest which is lowered by 0.10% to 8.55% for 2017-18 as compare to 8.65% previous year 2016-17.

Read : PPF Account – Details & Rules For Deposit, Withdrawal & Tax

In the year 2015-16, the interest rate on EPF balances was 8.80%. Earlier EPO had sold a portion of its investment to exchange-traded funds (ETF) worth Rs 2,886 crore in order to retain the existing interest rate 8.65%. The total investment made in ETFs are more than 44,000 crore.

Small saving interest

The return on EPF investment is still better than the other existing saving schemes including PPF.

We will be happy to hear your thoughts

      Leave a reply

      AskBanking - Banking FAQs & Support Blog